Highlights

M+ Online Research Articles

Author: MalaccaSecurities   |   Latest post: Fri, 23 Oct 2020, 9:24 AM

 

M+ Online Technical Focus - 11 Nov 2019

Author:   |    Publish date:


The FBM KLCI inched higher to re-test the EMA120 level as the key index closed at around the 1,609.73 level last Friday. The MACD Line has expanded positively above the zero level, but the RSI is overbought. Resistance will be pegged around the 1,620-1,630 levels. Support will be set around the 1,600 level.

FAVCO has experienced a consolidation breakout above the RM2.73 level on mildly improved volumes. The MACD Indicator has issued a BUY Signal, but the RSI is slightly overbought. Price may stage a mild pullback, before targeting the RM2.85 and RM2.95 levels. Support will be pegged around the RM2.65 level.

JHM has rebounded to close above the EMA9 level. The MACD Histogram has turned green, while the RSI has risen above 50. Monitor for a short-term trendline breakout above the RM1.35 level, targeting the RM1.41-RM1.48 levels. Support will be anchored around the RM1.30 level.

SUCCESS has formed a breakout-pullback-continuation pattern above the EMA20 level on improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may advance, targeting the RM1.05-RM1.12 levels. Support will be pegged around the RM0.94 level.

Source: Mplus Research - 11 Nov 2019

Share this
Labels: FAVCO, JHM, SUCCESS

Related Stocks

Chart Stock Name Last Change Volume 
FAVCO 2.34 +0.02 (0.86%) 18,000 
JHM 1.88 +0.05 (2.73%) 2,016,500 
SUCCESS 0.555 0.00 (0.00%) 23,000 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Perform Technical & Fundamental Analysis on Stocks
MQ Affiliate
Earn rewards by referring your friends
 
 

281  378  601  1187 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 IRIS 0.295-0.01 
 DGSB 0.19+0.005 
 MLAB 0.0250.00 
 ESCERAM 0.755+0.025 
 KGROUP-OR 0.005-0.005 
 SENDAI-WA 0.10+0.095 
 DSONIC-WA 0.260.00 
 QES 0.315+0.015 
 HIAPTEK 0.215+0.015 
 YONGTAI 0.13-0.01 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS